A Business at a Glance
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OCEANFIRST FINANCIAL CORP
OCFC
$1.1B
Mkt Cap
$19.56
+0.41%
OCEANFIRST FINANCIAL CORP (OCFC) has a current P/E ratio of 16.7, compared to its historical median P/E of 11.1. The stock is currently considered Expensive based on its historical valuation range.
OCEANFIRST FINANCIAL CORP (OCFC) has a 5-year average return on invested capital (ROIC) of 5.7%. This is below average and may indicate limited pricing power.
OCEANFIRST FINANCIAL CORP (OCFC) has a market capitalization of $1.1B. It is classified as a small-cap stock.
Yes, OCEANFIRST FINANCIAL CORP (OCFC) pays a dividend with a trailing twelve-month yield of 4.17%. The company also returns capital through share buybacks, with a buyback yield of 1.90%.
Based on historical P/E analysis, OCEANFIRST FINANCIAL CORP (OCFC) appears expensive. The current P/E of 16.7 is 50% above its historical median of 11.1. The estimated fair value CAGR (P/E method) is 2.9%.
OCEANFIRST FINANCIAL CORP (OCFC) operates in the National Commercial Banks industry, within the Financials sector.
OceanFirst Financial Corp. (the “Company”) is incorporated under Delaware law and serves as the holding company for OceanFirst Bank N.A (the “Bank”). At December 31, 2025, the Company had consolidated total assets of $14.6 billion and total stockholders’ equity of $1.7 billion. The Company is subject to regulation by the Board of Governors of the FRB and the SEC. The Bank is primarily subject to regulation and supervision by the OCC, as well as the CFPB due to the Bank exceeding $10 billion in assets. The Bank is also subject to regulation and supervision by the FDIC, as its deposit insurer. Currently, the Company transacts the vast majority of its business through the Bank, its wholly owned subsidiary. The Bank’s principal business is originating loans, consisting of commercial real estate and other commercial loans, which have become a key focus of the Bank. The Bank also invests in other types of loans, including residential construction and consumer loans.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 410M | 687M | 692M | 642M | 490M | 394M |
| Net Income | 67M | 67M | 96M | 100M | 143M | 106M |
| EPS | $1.17 | $1.17 | $1.65 | $1.70 | $2.42 | $1.78 |
| Free Cash Flow | 106M | 80M | 85M | 117M | 230M | 118M |
| ROIC | 3.5% | 3.5% | 5.1% | 5.5% | 8.1% | 6.1% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.90 | 1.03 | 0.78 | 0.67 | 0.93 | 0.23 |
| Dividends/Share | $0.82 | $0.80 | $0.80 | $0.80 | $0.74 | $0.68 |
| Operating Income | 2.1M | 93M | 5.1M | 137M | 194M | 142M |
| Operating Margin | 0.5% | 13.5% | 0.7% | 21.3% | 39.6% | 36.1% |
| ROE | 4.0% | 4.0% | 5.7% | 6.2% | 9.2% | 7.1% |
| Shares Outstanding | 58M | 57M | 58M | 59M | 59M | 60M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 98M | 102M | 154M | 216M | 311M | 351M | 454M | 394M | 490M | 642M | 692M | 687M | 410M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 31M | 32M | 47M | 60M | 83M | 90M | 114M | 120M | 132M | 136M | 138M | 159M | 162M |
| EBIT | 31M | 31M | 35M | 65M | 86M | 107M | 81M | 142M | 194M | 137M | 5.1M | 93M | 2.1M |
| Op. Margin | 31.0% | 30.5% | 22.9% | 30.3% | 27.5% | 30.6% | 17.9% | 36.1% | 39.6% | 21.3% | 0.7% | 13.5% | 0.5% |
| Net Income | 20M | 20M | 23M | 42M | 72M | 89M | 61M | 106M | 143M | 100M | 96M | 67M | 67M |
| Net Margin | 20.2% | 19.9% | 15.0% | 19.7% | 23.1% | 25.2% | 13.5% | 26.9% | 29.1% | 15.6% | 13.9% | 9.8% | 16.4% |
| Non-Recurring | 0 | 0 | -38K | -150K | 26K | 27K | 6K | 0 | 38K | 26K | 131K | 12M | 12M |
| Returns on Capital | |||||||||||||
| ROIC | 9.2% | 8.9% | 5.7% | 7.2% | 8.7% | 8.0% | 4.3% | 6.1% | 8.1% | 5.5% | 5.1% | 3.5% | 3.5% |
| ROE | 9.2% | 8.9% | 5.7% | 7.2% | 8.8% | 8.1% | 4.6% | 7.1% | 9.2% | 6.2% | 5.7% | 4.0% | 4.0% |
| ROA | 0.9% | 0.8% | 0.6% | 0.8% | 1.1% | 1.1% | 0.6% | 0.9% | 1.1% | 0.8% | 0.7% | 0.5% | 0.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 28M | 28M | 33M | 80M | 93M | 100M | 133M | 160M | 250M | 124M | 92M | 87M | 114M |
| Free Cash Flow | 24M | 24M | 27M | 31M | 81M | 95M | 118M | 118M | 230M | 117M | 85M | 80M | 106M |
| Owner Earnings | 24M | 24M | 27M | 72M | 81M | 88M | 120M | 145M | 232M | 106M | 75M | 72M | 100M |
| CapEx | 4.0M | 3.9M | 6.7M | 49M | 11M | 5.1M | 15M | 42M | 21M | 7.7M | 7.6M | 7.7M | 7.8M |
| Maint. CapEx | 2.9M | 3.3M | 4.8M | 6.3M | 8.7M | 8.4M | 8.5M | 9.4M | 12M | 12M | 11M | 10M | 10M |
| Growth CapEx | 1.1M | 591K | 1.9M | 42M | 2.8M | 0 | 6.3M | 33M | 9.2M | 0 | 0 | 0 | 0 |
| D&A | 2.9M | 3.3M | 4.8M | 6.3M | 8.7M | 8.4M | 8.5M | 9.4M | 12M | 12M | 11M | 10M | 10M |
| CapEx/OCF | 14.4% | 13.7% | 20.0% | 60.8% | 12.4% | 5.1% | 11.1% | 26.3% | 8.3% | 6.2% | 8.2% | 8.8% | 6.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 8.2M | 8.7M | 13M | 19M | 30M | 34M | 43M | 45M | 48M | 51M | 51M | 48M | 47M |
| Dividend Yield | 4.4% | 4.2% | 3.9% | 2.9% | 3.1% | 3.7% | 5.3% | 4.3% | 4.6% | 5.7% | 5.6% | 4.9% | 4.2% |
| Share Buybacks | 9.2M | 6.5M | 1.9M | 0 | 11M | 26M | 15M | 36M | 7.4M | 0 | 21M | 25M | 21M |
| Buyback Yield | 4.7% | 2.7% | 0.4% | N/A | 1.4% | 2.6% | 1.6% | 3.3% | 0.7% | N/A | 2.2% | 2.2% | 1.9% |
| Stock-Based Comp | 928K | 1.3M | 1.5M | 2.2M | 3.0M | 3.9M | 4.3M | 5.4M | 6.6M | 5.9M | 6.1M | 4.9M | 4.1M |
| Debt Repayment | 25M | 28M | 175M | 40M | 126M | 106M | 226M | 9.7M | 50M | 4.0M | 13M | 6.2M | 6.2M |
| Balance Sheet | |||||||||||||
| Net Debt | 363M | 379M | 76M | 234M | 388M | 404M | -1.1B | 116M | 1.3B | 968M | 1.2B | 1.6B | 1.4B |
| Cash & Equiv. | 36M | 44M | 301M | 110M | 122M | 133M | 1.3B | 225M | 168M | 154M | 124M | 135M | 137M |
| Long-Term Debt | 809K | 780K | 1.1M | 2.7M | 5.5M | 5.7M | 235M | 229M | 195M | 196M | 198M | 255M | 255M |
| Debt/Equity | 1.84 | 1.77 | 0.66 | 0.71 | 0.59 | 0.60 | 0.25 | 0.23 | 0.93 | 0.67 | 0.78 | 1.03 | 0.90 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 31.6 |
| Equity | 218M | 238M | 572M | 602M | 1.0B | 1.2B | 1.5B | 1.5B | 1.6B | 1.7B | 1.7B | 1.7B | 1.7B |
| Total Assets | 2.4B | 2.6B | 5.2B | 5.4B | 7.5B | 8.2B | 11.4B | 11.7B | 13.1B | 13.5B | 13.4B | 14.6B | 14.6B |
| Total Liabilities | 2.1B | 2.4B | 4.6B | 4.8B | 6.5B | 7.1B | 10.0B | 10.2B | 11.5B | 11.9B | 11.7B | 12.9B | 12.9B |
| Intangibles | N/A | 256K | 11M | 8.9M | 17M | 16M | 24M | 18M | 13M | 9.5M | 13M | 9.0M | 8.2M |
| Retained Earnings | 218M | 229M | 238M | 271M | 305M | 359M | 378M | 442M | 541M | 593M | 642M | 663M | 672M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.19 | 1.21 | 0.98 | 1.28 | 1.51 | 1.75 | 1.02 | 1.78 | 2.42 | 1.70 | 1.65 | 1.17 | 1.17 |
| Owner EPS | 1.42 | 1.41 | 1.15 | 2.16 | 1.70 | 1.74 | 2.00 | 2.44 | 3.94 | 1.80 | 1.29 | 1.26 | 1.73 |
| Book Value | 13.04 | 14.20 | 24.32 | 18.14 | 21.82 | 22.78 | 24.73 | 25.45 | 26.90 | 28.24 | 29.23 | 28.98 | 28.98 |
| Cash Flow/Share | 1.65 | 1.69 | 1.42 | 2.42 | 1.94 | 1.98 | 2.21 | 2.68 | 4.25 | 2.11 | 1.58 | 1.52 | 1.35 |
| Dividends/Share | 0.49 | 0.52 | 0.54 | 0.58 | 0.62 | 0.68 | 0.68 | 0.68 | 0.74 | 0.80 | 0.80 | 0.80 | 0.82 |
| Shares Out. | 16.7M | 16.8M | 23.5M | 33.2M | 47.6M | 50.6M | 60.0M | 59.6M | 58.9M | 58.8M | 58.2M | 57.4M | 57.6M |
| Valuation | |||||||||||||
| P/E Ratio | 9.8 | 11.8 | 21.9 | 15.1 | 11.2 | 11.1 | 14.9 | 10.3 | 7.5 | 9.4 | 10.1 | 16.7 | 16.7 |
| P/FCF | 8.2 | 9.8 | 18.9 | 20.4 | 9.9 | 10.4 | 7.7 | 9.3 | 4.7 | 8.1 | 11.5 | 14.1 | 10.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 180.6 | N/A | N/A |
| Price/Book | 0.9 | 1.0 | 0.9 | 1.1 | 0.8 | 0.9 | 0.6 | 0.7 | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 |
| Price/Sales | 2.1 | 2.2 | 2.3 | 3.4 | 3.5 | 3.1 | 2.1 | 2.9 | 2.4 | 2.2 | 2.4 | 2.4 | 2.7 |
| FCF Yield | 12.1% | 10.2% | 5.3% | 4.9% | 10.1% | 9.7% | 12.9% | 10.8% | 21.5% | 12.4% | 8.7% | 7.1% | 9.4% |
| Market Cap | 195M | 239M | 505M | 642M | 802M | 986M | 913M | 1.1B | 1.1B | 944M | 972M | 1.1B | 1.1B |
| Avg. Price | 11.18 | 12.21 | 13.76 | 19.87 | 20.27 | 18.25 | 13.58 | 17.52 | 17.55 | 15.18 | 15.62 | 17.20 | 19.56 |
| Year-End Price | 11.63 | 14.22 | 21.47 | 19.35 | 16.84 | 19.47 | 15.22 | 18.39 | 18.15 | 16.04 | 16.70 | 19.55 | 19.56 |
OCEANFIRST FINANCIAL CORP passes 2 of 9 quality checks, indicating weak fundamentals.
OCEANFIRST FINANCIAL CORP trades at 16.7x trailing earnings, compared to its 15-year median P/E of 11.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.1x vs a median of 10.1x. The company's 5-year average ROIC is 5.7%. Total shareholder yield (dividends + buybacks) is 6.1%. At current prices, the estimated annualized return to fair value is -2.0%.
OCEANFIRST FINANCIAL CORP (OCFC) reported annual revenue of $687 million in its most recent fiscal year, based on SEC EDGAR filings.
OCEANFIRST FINANCIAL CORP (OCFC) has a net profit margin of 9.8%. This is a modest margin.
OCEANFIRST FINANCIAL CORP (OCFC) generated $80 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OCEANFIRST FINANCIAL CORP (OCFC) has a debt-to-equity ratio of 1.03. This indicates moderate leverage.
OCEANFIRST FINANCIAL CORP (OCFC) reported earnings per share (EPS) of $1.17 in its most recent fiscal year.
OCEANFIRST FINANCIAL CORP (OCFC) has a return on equity (ROE) of 4.0%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for OCEANFIRST FINANCIAL CORP (OCFC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
OCEANFIRST FINANCIAL CORP (OCFC) has a book value per share of $28.98, based on its most recent annual SEC filing.